Google Buys Nest Labs

In another big hardware move for Google, the company announced Monday that it has greed to purchase Nest Labs for $3.2 billion.

“Nest’s founders, Tony Fadell and Matt Rogers, have built a tremendous team that we are excited to welcome into the Google family," Google CEO Larry Page said in a statement.

"They’re already delivering amazing products you can buy right now--thermostats that save energy and smoke/CO alarms that can help keep your family safe. We are excited to bring great experiences to more homes in more countries and fulfill their dreams!”

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